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Chicago, Milwaukee & St. Paul General & Refunding Series * A" 4y28, due 2014 Secured by direct mortgage and strong collateral lien upon 9,908.26 miles of road, j Prior to Government operation the St. Paul earned ita bond i interest by a comfortable margin. Net earnings after rentals j for period from January 1 to I September 30, 1920, about live j period "of 1919^'' i We are offering a limited number | of these bor d? iubject to prior { sale and chitn&o in price. To Yield 7.30% ; Colgate, Parker & Co. ' 49 Well Street NewYorlc '' . Texas & Oklahoma 5s, 1943 Kansas City & Pacific 4s, 1990 Jones & Lauphlin Steel 5s, 1939 I !ninn Steel 1st 5s, 1952 U. S. Steel Corp. 1st 5s, 1951 Westinghouse Machine 6s, 1940 Carbon Steel HOLMES, BULKLEY & WARDROP MUMUE^a New York Stock Exchange Pittsburgh Stock Exchange Union Bank Bldg. 61 Broadway PitUourgh New York IT i n i iifgi Bonds of the St. Louis, Sau Francisco Railway Co. The general decline In the 'price* of all .ecuritlr-. baa resulted In lower quotation* for the bond* of the Ht. leml*. San Francisco Ry. to., which at present level, may he purchased to yield unusually high returns. Current quotations ant mcATOd Prior lien 4< 1950 Wi 714% Prior lien 6* 1928 Wi 7.95% Adjustment 6s 1955 ?J'/2 9.44%* income 6s 1960 49H 12.09%* Annual Income Yield We have prepared a comnlitr circular dr-i-rlblng this Railway Co. mid irlvliis more Interesting facts about It* securities. for detail* ank far our Letter I/-168 Herrick &. Bennett Member. fr'nw York Sunk tjuhan/c 66 BROADWAY, NEW YORK Tnlrp'ioiu >li*4or 0060 BRANCH OFFICES I 51 EeK 42nd 8t. I'e.k.klll [ New York City New York IE B r?-?~?-1 An Extremely Sound 1st Mortgage Bond to yield 8% Due Serially. Limited Issue Secured by property valued at more than TWICE the issue. Protected by earnings estimated seven times interest requirements. In common with other high grade bond issues of equal stability we anticipate that a profit may be realised on their purchase. Send for detail? Scott & Stump Inrtniment S*<:uritl+; SPECIALISTS Ui ?l?U LOTS Stock Eichaago Bldg., Philadelphia j New York OAco 40 Egchaago PL Carlfele, C)yin^jr-<buf<^ Cu?Vs villa. Exceptional Investment Possibilities Investmsnt issues at the present ti?: are selling at prices which yield unusually attractive incomes. In this connection the services of enr Statistical Department are at your disposal Securities bought for cash or carried on conservative margin. | Milder. & 6a M omfeore NanJ Ywh SWsh gxdmiji EQUITABLE BLDG. 120 Broadway New Ysvh jP'"" , prichitt & go \ | Members H.Y. Stock Exchange ? ? SIXTY BROADWAY MEW YOKE CITY sosssoosoeoseeseseeoeessnnaai BANKS DROP CUBAN GROUP LOAN PLAN Diverse Interests of Institutions in Project Given as Chief Reason. INVOLVED FIFTY MILLION Government of Island Has Been Requested to Extend Moratorium. I Following a aeries of conferences of j New York bankers, yesterday, it was ! j learned that the plan under which the i j New York banks were to take over j the Idans held by Cuban banks against j the sugar growers of the Island had j been abandoned. The chief reason given for the decision to scrap the ! plan was the great diversity of lnterj ests of the various American banking : Institutions lnoluded In It. Some of tho banks have their own branches In Cuba and others operate through correspondents, and those and other equally unsatisfactory reasons wore responsible for the abandonment of the idea. | The plan as it had been developed provided for taking over loans of *10.| 000,000 and $.>0,000,000, held by Cuban lnj stitutions, by American and Cunadlan ! banks. In that way the t'ubuc. banks ! would be helped out of the difficulties which made necessary the declaration of a moratorium on the island. Those | loans ure secured by approximately i 300,000 tons of sugar, valued at current I quotations around 147,000.000. It was . estimated that probably $30,000,000 had ibeen loaned on that sugar, and that adj vanoe.8 of $10,0t0.000 and $30,000,000 on I the new crop had been mado. The I in ihn w-iv ftf nhtflinine | Ullt.VUIllO. ... . -- ; Joint action of the American and Cana1 dlan banks, however, resulted In the overthrow of the scheme. The banking institutions Interested in | Cuba from now on will have to handle their affairs individually unless a new group is formed and a new plan of acj tlon worked out. The orig nal plan of making a ioan to the Cuban Government, I tvh'ch, in turn, would take care of the , eed < of tfc. b&nlce there. wa? aarauped 1 j some . ,ne ":,o because n '.he .eccsruy' for legislation and the imperative need i of immediate action. A continuation of the moratcrium for thirty or sixty da ye beyond Iueronjher 1, the date for its expiration, is expected to ne the outcome, of those latest developments. Bankers were not inclined yesterday to express any opinion as to how the situation would work out. But it! was known that at a conference held | on the preceding day the New York bankers Interested in the situation had leeided to ask the Cuban Government to j extend the moratorium period for an-1 other thirty or sixty days, TWO STOCK EXCHANGE FIRMS AMALGAMATE A. A. Housman A Co. and N. L. Carpenter A Co. Join. . The consolidation on January 1 of I iwu pi UlilllItiilL iscw J ui n oiu?;n uAI change houses* was made known yestcrday, whan It was announced thst J on that date A. A. Housm&n ?. Co. and N. L. Carpenter & Co. would amalgamate under the name of the former firm. N. E. Carpenter, present head of the Carpenter house, will retlro from active business In New York and go to Natchez, Miss., where his family has extensive business Interests, lie will become a special pailper in the consolidated firm. A- A. Housman & Co. numbers among Its partners Clarence J. and Fred Mous man, Edward A. Pierce. S. W. Baruch Sydney Lev.dnson, Walter S. Einstein ; and E. L. Burrill, the last named be! oointiiK a general partner In July of I last year when the house of Burrill & ! Btltt was absorbed. 11< Is the brother j of William Burrill, who, with A. A | Housman, founded the firm of Burrll I A Housman. becoming members of the 1 New York Stock Exchange In lvti Six years later the firm became A. A. Housman & Co. N. L. Carpenter & Co. was organized in 1M6 under the name of Carpenter. Baggot & Co. In 1912 the name was changed to that which the house has since borne. The Carpenter firm has been prominent In the dealings on the I Now York Cotton Exchange. The of : flees of the two houses. A. A. Housman i k Co., 20 Broad street, and of N. I.. Carpenter ?ffc CO., n , . trill be retained for a time after the amalgamation. UTAH COPPER PROFITS DROP. Report* 31 Cent* n Hhare Earned on Capital Mock. The report of the Utah Copper Conifpany for the quarter ended on September 30, issued yesterday, rhows total profits of $801,983, or 31 cents a share earned on its outstanding capital stock of $10 par value, which eon'mrt* with profits of $2,240,470, or $1.38 a share, In the preceding quarter and $2,119,512, ot $1.48 a share. In the corresponding 191k quarter. The company's net operating loss for the quarter amounted to $329 022 and runt t asted with a profit of $1,762,700 In the corresponding quarter of last year. Other Income was $831,975, against $666,812. Dividends were unchanged at $2,486,735, making the final deficit for the three months $1.911.782. against u deficit of $17,223 in the third quarter of 1919. | for the first n'ne months of this year i the company reported profits of $5,614, 12. or $3.15 a share on its capital stock. ! 'n the same period of 1919 the profits I were equivalent to $8.41 a share on that stock. Net operating profits for the nine j months were $3,216,024 and other tnoome $2,397,786* Dividends were $7,110,306. making the nine months' deficit I $1,696,193. CHANGE DIVIDEND BATES. Tbrw r'o?i??nl?? Make Pirmrnfi on ItKTcrent llmvi, flevcrnl dividend ehanres wcr? reported yesterday by directors of various companies. The South Porto Rico Muarnr Company and the AJax Rubber Com mny reduced their p?rm?nt? to stockholders made three month* irn, ami the i dlv'dend of tho Pacific Mali Steamship I Company was increased. Tho South Porto flloe Sugar Company I dor la rod the regular quarterly dividends i of 3 per cent, on Its common and J per oeat. on Its preferred, tut cut off the extra 2 per cent, on Its common paid Inst quarter. The dividends were made payable on December 31 to stock of record on Deoetnbcr 10. The AJax Rubber Company declared a (quarterly dividend of II a share, pny| able on December IB to stock of record J on November 30, which places Its etock on a $4 annual basis in contrast to a I previous rate of $?!. The directors of the Pacific Mall | Steamship Company declared nn extra dividend of 50 cente on Its common ; j stock and the r?pillar semi-annual dlvl- | ! (land of 50 cents on ttlHt Issue, both pay| aide on December tl to stork of record on December 1. In /vine that company declared an extra payment of 11 a share. THE NEA Bonds We will prepar investors a lis chosen bonds su 9 dividual require] Correspond* Keariy Tay New York MORE INDEPENDENT' FURNACES BANKED Continue to Cut Prices While Steel Corporation Holds to ' 30 Per Cent. Level. Although the operations of the 1'nitod States Steel Corporation are 'till holding around the NO pcj cent, level, the Indepond nt producers of steel, prices of which for the most rt are consl ierably above those of the Steel Corporation, are shutting1 down more and more furnaces. Buying is almost at a standstill and prices asked by Independents continue to slide down, some of them having readied the Steel Corporation's level. "There is no thought of getting this year an adjustment of prices that will cause free buying," says the /roa Age in its weekly review of the industry, "and the period of quiet may run some weeks into the now year. To get stocks down to their lowest before January 1 is the aim of ail users. "The transfer of huge piles of low priced pteel products from Sled Corporation mills to the floors of consumers will bo li stened by the Commerce Commission oid?r e a'do * perioral of li t.ght i-otU'tii gondom "Interest is centring ln'the prices tl Steel Corporation will announce early ia December on sheets and tin plates for the first half of 1921 and on rails for the year. "Germany's slightest move in export vets much notice. In Cuba and in Souti. America domestic wire works have f.i 'fertnan competition lately. More not-tVorthy is the loss to Germany of a 5,00 ton tie plate order from the Dutch H< .1 ' Indies. A Chicago mill quoted 3.2*, cents, equal to 2.87 cents Pittsburg. A 1 European mill?the country not belr named?also captured a 20,000 ton rail order for the Dutch East Indies against American competition. "Outstanding in the quiet steel fabricating trade D the placing in fitisbur of tor coal hargfts requiring 14,500 tons of steel and of six steel barges for Sout' America. About 7,500 tons of sizeable building and bridge ?ork was put tind.i; contract The Is rue, active projects In elude a bank building in Chicago, 9,0'>" tons; a hotel in Buffalo, 8,p00 toils, ue a theatre In Cleveland, 3,600 tons. "Pig Iron prices uro still receding. It '.ho Pittsburg district furnaces are quot .ng foundry grades lower and st> making grades from 11 to $2 lower xhile resales of basic in the Pltrsbur district havo been made at several del lars below the furnace quotation.*;. Shin ilffllrma have nl-?o been noted on bet foundry and basic In the Fhiluleipl district. Many furnace? have ink. r decided stand against allowing cam .1 latiors, but postponements of shipment are frequently conceded." OPERATING INCOME Ov CLASS I. ROADS DROPS September Net 26.9 P. C. Under Expected Amount. Hpr< fel Dtsputch t< Tnw New Youk Himai . . WASHtNOTON, Nov. 17.?A corni llallo completed to-day tiy the Bureau of Hallway Economics shows that the ner operating Income for September of class one railroads fell approximately or 2i>.9 per eent. short of the amount expected to be earned under : the increased rates fixed by the Intestate Commerce Commission in accord mce with the transportation act of 19M. The figure is bused on reports from ^17 railroads, navlng a total milen 0 >f 137,SfJ uiiios. The net railway oporating income for tho roads In September 1 totalled J7litS7tl,Cp|, a g:iln of -.8 per cent. : compared with tliat of September, 1S19, despite increased rates. On tho basis of a return of 6 per cent, to bo earned on the tentative valuu tion, made bjt the Interstate Commerce < iunirnlsaiun for rat.. making purposes, | their net operating income for September should have been 1300,220,<>00. Total operating revenues fr r the 207 toads amounted to *617.102.^78. an Increase of 23.7 per cut. from thut of optembor, 1310, while operating ex- ' pcnses were $503,013,374. nn increase of : 57.2 per cent, compared with that of ' September, 1SW. Tho compilation shows also that the net operating income in every district foil below what It should Imve been, ths blstgent shortage being in the Ea.'t- , tern district, in ividrh it amounted to 12.3 per cent. The Southern district , showed the next larger shortage, 3!.3 per cent. The net operating ln< ome for the Western district was 8.7 per cent, leas than the expected amount. MOTOR TRADE BRACES UP. Increased Drmnnil Reported for All Sort* of Cars. Cjrtr-Ann, Nov. 17.?After two month i of depression there has hecA an upward turn In the automobile business, both ! pleasure cars and trucks, according to Alfred Reeves, general manager of the ; National Automobile Clismber of Com* * J ,u- A i/trvirtMVr? merce, who amircssra mo .r. F?l"lpment Association hers loViy. "Along with other Industries v.* have had poor sales for two months, but the putomoblle business Is now moving upward," Mr. Reeves sail. "Present production Is not averaging more than fifty per cent, except In the ease of three or four factories. The full year, however, , will exceed all reeords, approaching 1,900.000 cars and 340.900 trucks Oar renewals are about 1 000,910 a year, "It was logical and healthful that a business which Increased .130 per rent. Iti five years should h?v? a readjustment along with other Industries." OFFER MAINE BONOS, The Bqultahle Trust Company and Speyer A Co. are offering $3,000,000 of State of Maine 6 per cent, coupon gold .Soldiers' Itonus Fund bonds for prlcrs yielding 0 per cent. In 1!>21 to iN per rent. In 1930, according to maturities. The bonds are dated December 1. 192o, and mnture on December 1, 1930, and their principal and rem!-annunl Interest are payable on June 1 and December 1 at the office of the Treasurer of the State of Maine, Augusta, Me. They are exempt from nil Federal In come, taxes and arc n legal Investment for savings banks and trust funds In New Vork, Massachusetts, Connecticut and oilier Slates. V YORK HERALD, TI e for interested t of carefully ited to their indents. :nce invited ? dor & Co. Pittsburgh _ J1 CZECHO-SLOVAKIA and TWO OTHERS were the only European countries to report a favorable trade balance with the United States for the. first eight months of 1910. We have prepared a memorandum outlining the reasons for the extraordinary situation in Czccho- j ' Slovakia and describing the resources 0/ this im- j portant and wealthy na- i tion. We believe there j are possibilities for profit in Czecho-Slovak invest| | merits. Copies of memorandum on request. !| J. G.WHITE & COMPANY IXCOBPOHATED 87 H AI.I. KIKl.KI, NKW VOICIi !, | Legal Incest men ? <! fxftnpt from a*l tax>*tlir I i? tiw. Mul?* of Nfir Vorb IJ $100,000 !: | Jmmdaga County j New Yo;k 4% Gold Bonds | Due March 1, 1929 |j , |j;j rice 95.75 and Int. j'j ; Yielding 4.62% || I -wrlptlvo rircnlar II-1S ?> ijj; 'I !?<>?< itr.d othrr tn\ Mcinjn |). ,'lj ji'IdtitK 4.80% to 8% "Old i til| j| i-i rcqur-.t. ! aWOQte\pRIFlEIJ)!l I JptCIALiSTS IKi liiMiCIPAL BONOS 4XO.VF 9787 f/rCTOR t 3R0AI7WAV NEW YORK $1C0,0C0 Concordia (Kansas) Electric Light Five-Year 8s TO NET 8.30% Company furnishes electric light and poirer to (oncorilia, Kansas, ami iH adjacent communities and operates Itt'j miles of high tension transmission linos. VALUATION of rroptrty allowed by Kansas Public Utilities Commission is TWICE the total Indebtedness of Company inclu in this issue. EARNINGS?Surplus earringequal to about 4 H times interest requirements of this issue. GUARANTEED principal and interest bv Commonwealth Liftht & Power Company. Denomination $50, $100, $500 Circular S-S0 upon, request. AEFitfeinE-Ca Members My Stock Cukenft 141 BTIOADWAT New York City Pf.STON CNH'AOO I Mi raBUKon i.os anok/.ks laBEssBaBaaaBBB^^ss^^^Kssi UPTOWN OFFICE T?l. Colambaa IN4 212 West 72nd Street <8 <t?*r* * ?? of Rrcxil nmr PRL1- ERRED securitiej of indu*., trial* and railroad*, havina dividend record of many year*, are fundamentally *ound and offer unutual opportunity now for invert or*. Our advirory department will help you in the election. Aetotmft otrrpU'i an ronstrrnf/te f| Mothers 42 Broadway, New Y<wk Branch Office. 212 W. 72nd St. American Chicle Common Stock J. K. Rice, Jr.& Co. I hnm 1 ?(>?) '. rfc^.|ihn I" Wall St.. N. t . ,v , , ...... IURSDAY, NOVEMBER 3 NEW ISSUE L( Dated November I, ] Treasurer' I < FINA ! Assess N< . Total Operative property is not I The Los An the entire C I 1921 to 1929 im 1930 to 1934 in< ! i i i ; Stacy & Braui Street New York AU tialtnitnti ( * t ' -r 41/2% Sinl "Institution tor Eact (Caja de Pros' I Principal, Into Guarant Default was made i 1st, 1914, and, since Mi payments provided for t , The payment cf Pr antced by endorsert^nt I Since the above dc the owners of the Bone and tc have the Mcxici out avail. General Alvaro Obi of Mexico, and who wi have publicly declared 1 foreign debt*," and that There are a nurVibe unsecured, and other f well at a large amount and provided for by the We theref. re crnsid unite, without delay, foi that end we invite hoidi all unpaid coupons atta at ita office, a6 Broad S Slat, ljrJO, aubject tot 1920. Copies of thia A office, 24-26 Pine Strcc Temporary certifies for engraved bearer cc enrraved certificates on We will make no < Agreement. New York, Novem CADWALADER, WIC u i 11 Free from Fodoral and Naw | York Stalo Income Tasaa Yielding 4.60% Nauau County, N. Y. Coupon S% Gold Bond* Rq? N*rmktr I, 1401-40 H0RN8L0WER & WEEKS 41 RmKei; >HW TURK rMaa*n rnfWuw Portland. Mr. IMrHl jl - u 18, 1920. Exempt from all Fede $1,00 >s Angeles 5Yi% City Scho< 1920. Due as shown below. Prii 's Office, Los Angeles. Coupon 1 NCIAL STATEMENT CI ied valuation of taxable pi on-operative )perative bonded debt (this issue ir Population (19i?< t taxed, being property owned by publicum geles City School District e ity of Los Angeles, the area MATUF $150,000 Novem 25,000 Annually Novem 20,COO Annually Novem ? PRI< r. ? tn viVlrl ' c. - to yield 5.25% Legal Opinion of Mestrs. Good n Eldredge & 7 Wall Street New York i ctrrr jrt laf' irT> irfmrratlon ithtclt vt r.tari4 TO THE HOLDERS OF 525,000,000 iing Fund Gold Bonds, c OF THE lurajeaent of IjTlga'kn Works ar ft^l iitttiiuib, M. n. tamos para obras dc Irrigation y Foment Ayricultura, S. A.) rest and Sinking Fund Uti ecd by ths Mexican Cover in the payment of the interest on the afc ly 1st, 1919, default has a'so been made he redemption of these Bonis. incipal. Interest and Sinking Fund is u by the Mexican Government. faults occurred, we have mads repeated Is, to have the interest and sinking fun in Government make pood its guaranti rcpon. who has been elected President o II assume office on December 1st, is ri that the new Mexican Government "wil all its debts will be paid "as far as poisil: r of foreign loan* of ?hc Mexican Govcr uarantecs given by it on which default of other claima against it, which will h Mexican Government. ler it important that the holders of the r the proper and effectual protection of rrs of the above mentioned Bonds to def iched, with the Ne v York frust '' >-n > trcet, New Vork, or wjth Its agents, o 1 he terms of a Bondholders Agreement, d, tgreemcnt may be obtained from the D t. itca of deposit will be issued by the Depi rtificate*. Application will be made fo i the New York Stock Exchange. hargc to depositing bondholders for out ber 18th, iy;o. S^El IK.KRSI1AM * TAFT, Counsel. I f ' I1 - ??" , , *" . . . f Chas. F. Noble Oil & Gas Co. U tatarad In tho nrml IMP of The Oil Industry'* Demoted to the Interwrt of ln*e?tnra In oil aocttrUM*. FiiMiiImi monthly. Frae on raquaot R.C.Megargel&Go. 2T Pme Street-NewYbrk. ???Jij ral Income Taxes 0,000 >, California i r\* . ? n ] _ >1 uisirici Donas icipal and semi-annual interest paya bonds in the denomination of $1,00 TY SCHOOL DISTRICT operty, 1920. $677,032, 109,901, tcluded) 5,776, ) est.), 600,000 :ility companies, a percentage of whose incorn omprises 619 square miles and of which amounts to 363 squc tities iber 1, 1921 iber 1, 1922 to 1935 Inc. iber 1, 1936 to 1960 Inc. :es 1935 to 1939 inc. - to 1940 to 1960 inc. - to; I !fellow, Eels, Moore ?( Orrick. Co. Kissel, Kinr t 14 Wall New f ; / i 'fl' ?r P7T1 OTf'Trut ru.fir w^i wjinir ni'/iniwfv it - . _ I . I lue 1943 [ id Deyoiopme.it of to do ta I !i conditionally J nment h b love Binds due May E ! * t lin lintriiia fund I n inconditional'y guareff >rt?, on behalf of d in*ta!ment? paid, se there >(, but withf the United State* jported, h >*ever, to I recognize all legal <-1 tie." ?> a nment, aecured and f? ha? been made, a* ave to be recognized above Bond* about J tneir inierenn. io | >osit the name, with my, n Depoiitary, t?'ornD c-mb?r - i.< tied November 18th. t *epoliter/ or at our M oiitary, exchangeable r the listing of the i rt j (31 lerviees under the |i n. fER & CO. 1 di C ?' r 0 r\ f< t> ?< wonr* or mcnnrwrvr ur wnd^ , try thr h I.ITTt.R H(K K RAII.WAf * CIKt'THK' CO v I'ulillr notice l? li. r? by ?Wen thai the Bm\\of (Vimm>'rw * Truat company ay Trtlru 111 rreolye written offer* for the p?r ha* < , ?f four thou?anit (|t.000 001 dollar* of th Refunding 4 Ratenrlon Mend* of thr I.lt'l 1*.n?k HaTlway k Rlertrlc Company at a< * tini? up to and Including I>rc?%n?r ttth. IPM Payment for bond* purnha?ed under thl< offer will be made upon pr"?*nfatlon at in offlre of the flank of Commerce k Tro Company In the Clfy of Mempliht, Tenne??e. The rltrht I* reecreed to reject any or a I hide LITTt.r n<7( K flAlf.WAY k RUE'TItl COMfAffY. Ily I>, M. CnntrrH, Preeldpnt. Ily W. J. Thar#, HeT'tarv, HANK t)l?- CMMmtt M * THI'ST COM i-AffT. Tm*nt*?. U> ? i. Hlu ph<rd, Truat Officer. i 15 A a ? ble at the County 0. 720 473 900 ,e is paid to the State i includes ire miles. yield S.tS% yield 5.10% : licutt & Co. Street York nd belief. CORPORATIONS | FINANCED Coizipaiiiei wilii established earnings, requiring additional financing, are invited to communicate with u?. WE PURCHASE COMPLETE ISSUES OF SECURITIES, UNDERWRITE BOND IS SUES, ACT AS SYNDICATE MANAGER. FARMERS MORTGAGE COMPANY f Room fioi, SW Fifth Ave. New York City. : A New York Business Man nventor desires touch with a buaiess man who has the money or onnectior.s to finance a big deal, lave perfected and ready to market new type nonskid automobile tire, iliminates skid chains. Now in use lew York Police Depai tment. t is a big thing and needs a big mn. Will stand any invest.gation. R., 258 Herald, Herald Square. nivinFNDs A.vn ivncitic^T. , Rcr.in;ton Typewriter Company Preferred Dividend* New York. November 17. I?5!0. The Hoard <>f Plreetnre ha* thle day d<ar<t1 * ijuer* i!y dMdend of r aheiv) on the Hnil Preferred * ork wod 2% ($2.00 per nhmr- t an the Second Pre iT'd Stock, pay?t>: J*- eerjr 2, l?2t. to lockholdirv of record at ?? c? >?? of b'Ml 10, IU20. OB'W.K K ATI A? P?*V|?|-.R f'flMI'ANY, rilll-ADtJ.I'MTA. Nm rnnrr 10. ITJO. A dlrlilefnl "f S'A Ta- l? <fr larao by i!. 'mp.?n> "ii Common a> -.1 rlnrk. pa-abln a.'h. unit an a<HI i i?l of fr"; i tto C'm ii.i n < apt *1 'to . payable I, oftji'Wt H hK nf flu Coi t?n y ?? par aiu- . rti >!lv|.n ii.Ij .ittya.ilo lie-. inbar 10. ! ?>. > i-to" Kti 'li.' r> -it r.'.'ori. r ' tlic clone of n*|nof:i on November 30, IfSO. Tb- ?to-k tranrlar l"x>kr will bo < lo*a<1 a >I*>"f tl>" transfer of Common Stork on ovoiiib-r 30 inn! will b? m-opi-nrj at titXJ eke k A. M.. lieoatr.bet 10. I.KUM) CVON. Trea-irar. XKUKNTflAIJCIt I.IMOTArB COMPANY nroiiktyn, N V.. Srt. irt, 1030. lilVltfBND 100 A rrftitar fjtiRri'rly AlvVWnd of f'$ per * nf o i "he apl'at flock of Morffrntml?r Inotypa < otnpany will br pal.t on lieccmbcr I, I. .0, to tlia *tn--kl?nl4i-ra af r"-"rit a? ? y a; ii?ar a* Ihr rp.tn of bp ln.<a on rub r I, I'<30 Tha Tran-f. r Hooka w'll M lei rloaatf J T Ml K t: V. Tn a urtr MOS 15At. '.Ml I tf: \ iTTTn guartniy t>l*1iVn<f. New Tork, IT. I?S>. A q<iar??fy flvlAaotl of J par cant ha* th'a " ' ' " . X - * 1. *' .ho > Dt n T- llirrn u|f>-< in -? - ... orpnratlnn, payable 14th. tW>, i hold "re of record of the Murk of thle orp.-rBtlon it the clNr of builiiM* on Wfinbtr ftti Iff rji \rti.K^ n 4ANi'Wm. tkeoretatT. NOVTH PORTO RICll Nf'fJAR CO. November |7th. IMO, The tt.>ard of Director* have fhl? day dalarcd n'tarftrly dlvtdrndr of 51. on the f*fatrrad Ptixk and B?T. on tho C .croon 0 .-.2, oth payable on December 31 ?f, ftTSO. fo rnchholiler* of re* nrd |h-. erobvr !<> ?-,, n>50. FWANK M WWITV Tr imtif. American Telephone A elefraph Co. A dividend of Too Dollar* p r ?hare will t># aid on Ha'urday, .1*-. ary |A, IM1. to itork Ideri of n i -nrl at th- 1 >?e of bmtneee on londap, Deertnfc r 5?. 1020 U. n. MfLNK Traaeurer. !_J AMI HFfft>iii. NOTICB OF MBRT1NO. The annual election of Director* of Tha ojuitatde life Aeturatiee Society of tha fnlti -t 3tat-n will be held at the office of v Ho' I "y. Room !II7. ?<|ultabla BulWInf, 2" Broadway. In Ihe Rnrwuah of Manhattan, Hp, County and State of Now York, .m Y 'i >- ay. P' oetrhor J. I now at in n'oin- k . M Tho poll ?lll he op nod at In o'clock t the forenoon and will remain upon until n olo, k In the afternoon of that day. at Mch time thry will he cloeod. Huch othef ii?tm ?* w l'l ho tran a-toil a* may propurip e bmtnrh' lufore the mcetfni. AVII.t.IAM At.l'.X ANI I.R, Scorvtarp. New York. November IT. 1P20.